Journal of Property Investment & Finance: Volume 28 Issue 6

Commercial mortgage backed securities: resurgence or demise?

Jenniffer Solomon, William McCluskey

The main purpose of this paper is to reflect on the impact of the financial crisis of 2007 on commercial mortgage backed securities (CMBS) and to consider how market confidence in…

Risk appetite of real estate and property security markets: an empirical study of Hong Kong

Eddie Hui, Hui Wang, Xian Zheng

The purpose of this paper is to investigate the risk appetite in Hong Kong real estate and property security markets in the recent episode of global financial crisis.

Downside risk optimization in securitized real estate markets

Tim‐Alexander Kroencke, Felix Schindler

The purpose of this paper is to compare the risk and return characteristics as well as the allocation of mean‐variance (MV) and downside risk (DR) optimized portfolios of…

Long‐run price behaviour of equity REITs: become more like common stocks after the early 1990s?

Ming‐Long Lee, Kevin Chiang

The US real estate investment trust (REIT) market experienced a structural change in the early 1990s. This paper aims to examine the following two issues: is the equity REIT…

Implications of the change in user preferences in the economic downturn on investment strategies

Nick French, Laura Salisbury Jones

The current world economic climate is uncertain. The credit crunch has led to occupiers rethinking their strategic requirements, and, at the same time, they are fire fighting to…

The Black Swan: The Impact of the Highly Improbable (2nd edition)

Peter Dent

Regulation and valuation

Nick French